ABSTRACT
The social, political and economic options of that period were in fact crucial insofar as the subsequent development of the Greek economy during the whole post-war period is concerned. The inherent constraints hindered the economy's ability to adapt to the new technological conditions the level of competition that prevailed at that time. Right at the beginning of this period (1950) the agricultural sector represented 28 per cent of gross national income, the secondary sector 20 per cent, manufacturing 14 per cent and the tertiary sector around 52 per cent. In order to better analyze the structure of Greek exports, it would serve well to distinguish among four periods. Each of these is representative of particular and differentiated characteristics: the period up to approximately 1960, 1960–73/4, 1974–81, and the period after 1981. The steady penetration of imports was in line with the ever increasing opening of the economy to the international market.
